GHK completes acquisition of Crystal Cruises

By ,   May 16, 2015 ,   Cruise Industry

Genting Hong Kong (GHK) announced it had completed the acquisition of Crystal from Nippon Yusen Kabushiki Kaisha (NYK), for a total of US$550 million. Genting also announced a new Chairman of the line and promotions for Crystal Cruises' senior management team.

The executive chairman of Genting Group and former chairman of NCL (Norwegian Cruise Line), Tan Sri Lim Kok Thay, assumed the position chairman of Crystal, thus replacing Nobuyoshi Kuzuya, returning to Nippon in a key executive position. The 34-year travel industry veteran Edie Rodriguez, previously president & COO, was promoted to president & CEO. The 20+ year veteran of the management team of Crystal, Thomas Mazloum, previously executive vice-president, was promoted to COO.

Genting Hong Kong was established in 1993. The company is part of Genting Group, a global hospitality & leisure party with business in more than 20 countries, including the United States in Florida, Nevada and New York. GHK is the sole owner of Star Cruises and a major shareholder of NCL. Genting is a public company listed primarily on Hong Kong Stock Exchange and secondarily on Singapore Stock Exchange.

Crystal Cruises launched service with Crystal Harmony in 1990. Sister ships Crystal Symphony and Serenity joined the fleet in 1995 and 2003, respectively. After Harmony's retirement in 2005, Crystal has operated global itineraries with the remaining duo of ships.